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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PortugalPortugal Producer Price Index MoM climbed to 2.4% in April 2026
FMPMonthlyReleased May 2026
Portugal Producer Price Index MoM climbed to 2.4% in April 2026, released May 2026, up 0.1% from March's 2.3% reading. The print exceeded the 1.2% consensus by 1.2%. Producer Price Index MoM has now risen for 3 consecutive months. Over the past 3 months, Producer Price Index MoM averaged 0.37%, vs 0.15% in the prior 3-month window. Producer Price Index MoM is now the highest in 15 months.
Latest Release
2.4
Actual
1.2
Consensus
2.3
Previous
Median Absolute Error
±0.74 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 0.77
Actual: 2.4
Error: -1.63
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.62 | FOREX | Bullish EUR | → View |
| XAU/USD | ▲ Direct | +0.61 | COMMODITIES | Bullish XAU | → View |
| GBP/USD | ▲ Direct | +0.59 | FOREX | Bullish GBP | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index MoM (Portugal) was reported at 2.4% in May 2026. This beat the market consensus of 1.2% by 1.2%. The reading rose from the previous value of 2.3%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 0.16%, ranging from -1.1% to 2.4% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 0.4%, up from the prior three at 0.2%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.74%.
WHAT TO WATCH NEXT
The next release is scheduled for June 18, 2026.
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Producer Price Index MoM - PT
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About Producer Price Index MoM — Portugal
DEFINITION
Portugal's Producer Price Index MoM rose 2.400000% in May, beating the 1.200000% estimate and slightly above April's 2.300000%. This marks continued strong upward momentum in producer prices from April to May. Market focus will remain on inflation trends as the central bank monitors persistent price pressures. Updated 5/19/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 2.4 %, consensus 1.2 %. Prior reading (Mar 2026): 2.3 %. Before that (Feb 2026): -1.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/USD (Bullish EUR, r=0.62) — a useful reference for forex-focused traders.